Toledo, OH
Population 268,461 · Ohio
About Toledo, OH
Toledo is a major city located in Ohio with a population of 268,461 residents according to the latest US Census Bureau American Community Survey data. The median household income is $47,532 per year, which is 37% below the national median of $75,149. The median age of 35.7 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Toledo features a median home value of $107,000, which is 56% below the national median of $244,900. This makes Toledo one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $880, 24% below the national average of $1,163/month. Of the 133,195 total housing units, 53% are owner-occupied (62,502 units) and 47% are renter-occupied (56,006 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Toledo shows an unemployment rate of 8.5%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 24.5%, above the national average of 12.4%. Workers in Toledo have an average one-way commute time of 19.9 minutes, one of the shorter commutes in the region.
Education & Demographics
21.0% of Toledo residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 6.7% White, 1.4% Hispanic or Latino, 1.0% Black or African American, and 1.1% Asian residents, with 3.4% of the population being foreign-born.
How Toledo Ranks in Ohio
Cost of Living in Toledo, OH
Compared to national averages, Toledo has a median household income of $47,532 (37% below the national median of $75,149). Home values average $107,000, which is 56% below the national median. Monthly rent at $880 is 24% below the US average of $1,163. Within Ohio, Toledo's income is 34% below the state average of $71,814, and home values are 39% below the state median of $174,449.
Why Live in Toledo, OH?
Toledo offers affordable housing with a median home value of $107,000, below the US average of $244,900, and rent that’s lower than the national average at $880/month, and short commute times averaging just 19.9 minutes.
Potential considerations include median household income ($47,532) that falls below the national average. However, as a major city, Toledo provides access to a wide range of amenities and services.
Toledo has a population of 268,461 with a median age of 35.7 years. Compare Toledo with other cities to see how it stacks up, or explore all cities in Ohio.
Similar Cities Near Toledo
Cities in Ohio with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Cincinnati | 309,595 | $51,707 | $215,300 | Compare |
| Akron | 189,526 | $48,544 | $111,200 | Compare |
| Cleveland | 367,523 | $39,187 | $94,100 | Compare |
| Dayton | 136,741 | $43,454 | $93,200 | Compare |
| Parma | 80,131 | $67,425 | $157,600 | Compare |
| Canton | 70,105 | $39,754 | $94,400 | Compare |
| Lorain | 65,207 | $45,799 | $123,500 | Compare |
| Hamilton | 63,124 | $54,293 | $152,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Ohio
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Toledo With Other Cities
Frequently Asked Questions about Toledo
What is the population of Toledo, OH?
The population of Toledo, OH is 268,461 according to the latest US Census Bureau American Community Survey estimates. This makes it a major city in Ohio.
What is the median household income in Toledo?
The median household income in Toledo, OH is $47,532 per year, which is 37% below the national median of $75,149.
What is the median home value in Toledo?
The median home value in Toledo, OH is $107,000, which is 56% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Toledo?
The median monthly rent in Toledo, OH is $880, which is 24% below the national average of $1,163/month.
What is the unemployment rate in Toledo?
The unemployment rate in Toledo, OH is 8.5%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Toledo, OH a good place to live?
Toledo offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 268,461 and a median age of 35.7, the city appeals to a broad range of residents.
How educated is Toledo, OH?
21.0% of residents in Toledo aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Toledo?
Key cost-of-living indicators for Toledo, OH: median home value is $107,000 (56% below national), median rent is $880/month, and median household income is $47,532. The home-value-to-income ratio is 2.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Toledo?
The poverty rate in Toledo, OH is 24.5%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Toledo, OH?
Toledo's population is 6.7% White, 1.4% Hispanic or Latino, 1.0% Black or African American, 1.1% Asian, and 28.3% two or more races. 3.4% of residents are foreign-born.